Found this video on youtube which is mostly used in classrooms. Not many Filipinos know but by 2015 the ASEAN one economy charter will be in place. As early as 2009 the governments of the 5 Newly industrialized Countries (except Singapore which is already an industrialized nation) Indonesia,Malaysia, Thailand, and Philippines has already a zero tariff on trade across boarders. This will also involve mutual protection pact with the 10 member countries of ASEAN. As early as 2005 Singapore has already opened its boarders for skilled and semi-skilled labor for Filipinos and other member countries. As the charter suggest it will now be possible to live, work or setup a business anywhere in ASEAN countries freely. It s now very evident because we can now see Malaysian and Singaporean Banks and Businesses popping out like mushrooms in the Philippines. There is also an increase in tourist coming from members countries. Also Thailand and Malaysia have been a favorite destination for Filipinos as well for their holidays.
It is too early to say if the ASEAN one economy will be a success or be riddled with controversies like the European Union. But one thing is for sure together these combination of Developing, Newly Industrialized and Industrialized countries in the region will have a strong economic, political and military presence in the world. Lets face it being sandwich by two economic and military Juggernauts like China and the US it will be in all our best interest to band together as one.
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